It looks like the end of a huge equilibrium pattern. Could it be the end of the downtrend that started 12/17/2017? What do you guys think?
Hello guys After BIG rally, then retracement, BTCUSD seems is having a bounce back to continue the Rally.. Let's try to catch this movement. Price is Currently bouncing back up from 20 EMA AND 100 EMA, and if it makes a new previous day high, it can easily reach 10K level (our T1) and we can be pretty confident that if this pyshological level is broken, many...
Hello Guys ETHUSD had a rally in the previous days then had a normal retracement. Current price action is showing an bounce up from the 100EMA adn 200EMA (Extremely Important levels) which is giving us a nice entry. I really like the pattern formed with the retracement. If ETHUSD can reach our entry level then is a trade for us. This new rally that could start...
There are some big Bullish Divergences on BTC showing on the smaller timeframes, as well as some volume picking up. Looks like a decent little bounce area.
Originally I thought it would be bouncing off from 0.618 Fib zone but now it's going down to 0.786. It's also forming the wedge and it's closing so we can maybe expect the wave 3 soon.
As you can see in the chart, BABA has seen aggressive buying whenever it reaches the 165-175 support zone. Trade Idea: Place a stop just below 165, and a profit exit near the 190-195 zone. I blog on all weekdays here: bigfryfinancialmarkets.com Good luck trading, and please follow me or check out my blog if you like my trading ideas.
Looking at the current pattern that is forming I am looking for a retest of either the 20 ema or the 50 ema. The entry will depend on the candle pattern formation possible at either point. The Dollar index has also changed to a bearish market giving more credibility to the EUR/USD bullish trend.
BTC heading to test support at Topside of downward trendline. Expecting bounce from 8300, next target is resistance at 9200
Touching support, try a buy at the first good green candle.
Still trying to learn Elliot waves, but I drew this up today. Potential bounce and start of an impulse wave, hitting the Fib and ichimoku levels.
BITSTAMP:BTCUSD In a bear market potential good news is like wining to lottery, or something like that. Could we hope that the forming falling wedge is going to push for a reversal in BTC? I noticed in some exchanges that some big money slowly are buying into this market, maybe in anticipation of the falling wedge. It could be the beginning of a re-bounce in BTC....
It can go up or down (no kidding!). Given that RSI is approaching oversold levels I think the tendency is to go up.
As you can see, it beautifully bounced back and is now headed up. This is certainly not the end of the bearish trend and there is a lot of negative sentiment in the market but this is a good time to buy for short to medium term gains.
We are still in a Bear Market but we do have a nice bounce back to $12K in the next week ahead of us! Currently, riding Wave 1 hopefully to $10K mark as long as we don't get more FUD'ing News, Wave 2 coming soon be prepared for a slight dip down to the low $9000's Be Patient! STAY LONG & STRONG FOLKS!
RSIhit resistance Stoc hit resistance expected movement: 1. re trace to support 2. Will move toward first resistance 3. if volume is with bull (I hope it stronk enough) 4. profit on resistance maybe 1 or 2 I will check again once it move near each check points if the opportunity is on ours or no :)
Based on trendline crossover points and previous bounces
Inverse Flag can push down BTC to a big support. As we can see each time BTC breakdown there is a bounce just after that
A huge drop in the price of BTC today, but it wasn't ready to go that low yet and bounced back up. For now it has found support on the EMA 34 line, but for how long? I think we will still see a drop to 5100-5200, hitting oversold, before making a bounce back up (10K??). Let me know what you guys think in the comment section below and if you would like, you can...